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2550 S Oak Park Ave 5,072 SF Office Building Berwyn, IL 60402 $1,320,000 ($260.25/SF) 7.50% Cap Rate
Executive Summary
Stabilized Investment Opportunity - 100% leased dual-tenant medical plaza with a WALT of 6.45 years, Teamsters Local 727 occupying 81% of the building through 2033 with
two renewal options extending to 2043, and Forever Dental, a tenant in the building since 1994
Exceptional Demographics - Asset is located within a dense and affluent area with over 545,422 residents and an average household income of $92,600 within a 5-mile radius of the site
Location, Location, Location! - The property is ideally situated one mile east of North Riverside Park Mall, a dominant regional retail destination offering over 1 million square feet of shopping, dining, and entertainment. The mall attracts approximately 5.6 million visitors annually, driving strong consumer traffic to the surrounding area
Neighboring National Tenants - Surrounded by national tenants such as; Costco, Best Buy, Hobby Lobby, Kohl’s, Michaels, Marshalls, 7-Eleven, Raising Cane’s, Wendy’s, and more
High Traffic Intersection - The property is located at the signalized intersection of South Oak Park Avenue and West 26th Street, benefiting from strong visibility and exposure to a combined traffic count of approximately 24,261 VPD
two renewal options extending to 2043, and Forever Dental, a tenant in the building since 1994
Exceptional Demographics - Asset is located within a dense and affluent area with over 545,422 residents and an average household income of $92,600 within a 5-mile radius of the site
Location, Location, Location! - The property is ideally situated one mile east of North Riverside Park Mall, a dominant regional retail destination offering over 1 million square feet of shopping, dining, and entertainment. The mall attracts approximately 5.6 million visitors annually, driving strong consumer traffic to the surrounding area
Neighboring National Tenants - Surrounded by national tenants such as; Costco, Best Buy, Hobby Lobby, Kohl’s, Michaels, Marshalls, 7-Eleven, Raising Cane’s, Wendy’s, and more
High Traffic Intersection - The property is located at the signalized intersection of South Oak Park Avenue and West 26th Street, benefiting from strong visibility and exposure to a combined traffic count of approximately 24,261 VPD
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,072 SF
Building Class
B
Year Built
1993
Price
$1,320,000
Price Per SF
$260.25
Cap Rate
7.50%
NOI
$99,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,072 SF
Building FAR
0.97
Lot Size
0.12 AC
Zoning
Commercial
Parking
30 Spaces (5.91 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Central Heating
- Air Conditioning
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-30-117-040-0000 | Improvements Assessment | $107,455 |
| Land Assessment | $53,163 | Total Assessment | $160,618 |
Property Taxes
Parcel Number
16-30-117-040-0000
Land Assessment
$53,163
Improvements Assessment
$107,455
Total Assessment
$160,618
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2550 S Oak Park Ave
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